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OPEC+ Countries Underscore Importance of Safe Sea Routes for Energy Supplies: OPEC

© AP PhotoThe tanker Sun Arrows loads its cargo of liquefied natural gas from the Sakhalin-2 project in the port of Prigorodnoye, Russia, on Friday, Oct. 29, 2021.
The tanker Sun Arrows loads its cargo of liquefied natural gas from the Sakhalin-2 project in the port of Prigorodnoye, Russia, on Friday, Oct. 29, 2021. - Sputnik India, 1920, 12.10.2026
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OPEC+ countries at a meeting in Riyadh emphasized the importance of ensuring the security of international sea routes for uninterrupted energy supplies, OPEC said on Monday.
"The Ministers affirmed the critical importance of safeguarding the international maritime routes to ensure the uninterrupted flow of energy," OPEC said in a statement, following the meeting of energy and oil ministers from OPEC+ member countries in Riyadh.
Energy transportation and insurance costs have reached unprecedented levels, exceeding a third of the commodity's value, the statement said.
OPEC+ heads of delegations will work with other international organizations to improve shipping conditions worldwide, the statement added.
President of the Russian Federation Vladimir Putin and Secretary General of OPEC Haitham Al Ghais in St. Petersburg, Russia - Sputnik India, 1920, 04.05.2026
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